Global Personal Protective Equipment Market Size, share and Industry Analysis Report By Product (Head [Safety Helmets & Hard Hats, Bump Caps], Eye & Face Protection [Face Protection, Eye Protection - Plano], Hearing Protection [Cap Mounted, Over the Head Type, Disposable], Protective Clothing [Flame Retardant Apparel, Chemical Defending Garment, High Visibility Clothing], Respiratory Protection [SCBA - Fire Service, SCBA - Industrial, APR - Disposable, Emergency Escape Devices], Protective Footwear, Fall Protection [Personal Systems, Engineered Systems], Hand Protection), By Application (Construction, Oil & Gas, Manufacturing, Chemicals, Pharmaceutical, Food, Transportation), Country Outlook, Competitive Market Share and Forecast, 2021 - 2027
With the COVID-19 pandemic maintaining a tight grip on the world, the global personal protective equipment (PPE) market is expected to register remunerative gains in coming years. Countries across the Asia Pacific and Africa have been dealing with new waves of the pandemic with numerous African nations recently reporting the start of a third wave among their populations.
Meanwhile, vaccination drives are progressing rapidly across a majority of the developed western nations. As a result, these countries are opening up at a steady pace and their leaders are focusing on sanctioning ambitious infrastructure projects to kickstart their slumbering their economies. All these activities are creating an immense demand for PPE equipment, which is likely to deliver the market a sizable boost in terms of revenues.
The growth avenues of the PPE market have been categorized on the basis of product, region, and end-use.
When it comes to product, the industry is further bifurcated into eye & face protection, head protection, protective clothing, hearing protection, protective footwear, respiratory protection, hand protection, fall protection, and others.
In terms of head protection, the bump caps segment is forecast to grow at an impressive CAGR of more than 8.9% over the analysis timeframe.
With respect to eye and face protection, the face protection segment would be witnessing immense gains at a rate of more than 9.4% through the review period. Increasing risk of toxic mists, chemical splashes, and hazardous gases across industries would fuel this growth.
Meanwhile, driven by some of the same aforementioned factors, the segment of eye protection-Plano is anticipated to reach a valuation of more than $5 billion by end of 2027.
Under hearing protection, the segment for cap mounted hearing protection equipment is expected to grow at a respectable CAGR of more than 7.3% through the projected timeline. The segment for over-the-head hearing protection equipment was valued at more than $350 million back in 2020, with new demand expected to bring in more revenues by 2027.
The disposable hearing protection equipment sector is expected to hit an overall valuation of neatly $1.5 billion by 2027.
Based on protective clothing, the demand for flame retardant apparel is expected to witness high growth, at a robust rate of 9.8% through the forecast timeframe. Growing instances of accidental fires in factories would drive revenues.
The chemical defending garment segment is slated to reach a valuation of over $9 billion by the end of 2027. The high level of risk associated with chemical splashes within chemical industries is also likely to foster business gains.
The segment of high visibility clothing is projected to grow at an impressive rate of more than 9.3% over the given review period. The others segment would be growing at a rate of more than 9.3% through the analysis timeframe.
Considering respiratory protection, the segment for emergency escape devices is projected to hit the $950 million mark by the end of 2027. Rising instances of emergencies like unexpected fire outbreaks across industries would fuel business gains.
The protective footwear segment is slated to clock in gains at a CAGR of more than 10.0% over the analysis period.
Based on fall protection, personal fall protection systems segment is slated to reach a valuation of over $4.5 billion by end of 2027. Meanwhile, engineered fall protection systems was valued at more than $1 billion in 2020.
The other products segment is slated to grow at an impressive CAGR of more than 6.6% through the review period.
By end-use the transportation segment held a valuation of more than $5 billion back in 2020 and is forecast to grow at 10.0% CAGR over the assessment period. The others end use sector would be expected to grow at a 8.4% CAGR throughout the review period.
From regional standpoint, the LATAM region was valued at $3.5 billion and is projected to grow at a 9.0% CAGR through assessment period. The MEA region is expected to reach a $11.5 billion valuation by 2027.
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